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Google, Apple, IBM, Microsoft, Facebook and many others buying patents

Posted Wednesday, May 18, 2016 by Jim Ruttler

Some of the Worlds largest companies are interested in buying your patents for prices you set. The Industry Patent Purchase Program (IP3) is a new method to create a secondary market for patents. Google, Apple, IBM, Microsoft, Facebook, Adobe, Honda, Hyundai, Kia, Verizon, Cisco, and many others are pooling resources and accepting patents for sale through AST. If accepted, sellers will receive payment within a few months.

Google did this alone about a year ago and apparently was successful enough that now the whole industry wants in on the purchases. Patents were sold to Google under this program for between $3k and $250k each depending upon the invention and interest.

This new program plus some recent court developments are indications that the patent market is about to come back to life, and I believe in a bigger way than anytime before.

Google, Apple, IBM, Microsoft, Facebook and many others buying patents ›› Ruttler Mills PLLC